Role of Automation in Industries
Role of Automation in Industries Manufacturing processes, basically, produce finished product from raw/unfinished material using energy, manpower and equipment and infrastructure. Since an industry is essentially a “systematic economic activity”, the fundamental objective of any industry is to make profit. Profit = (Price/unit – Cost/unit) x Production Volume So profit can be maximized by producing good quality products, which may sell at higher price, in larger volumes with less production cost and time.